The startup accelerator recipe for establishing Foundational Capability seems to have the following ingredients: someone with ‘founder potential’ (an ingredient even more mysterious than the foundational capability you are attempting to obtain) plus a new idea, plus a little startup success (maybe involving successfully securing some initial investment) plus applying to an accelerator, plus being accepted by an accelerator, plus completing an accelerator course.

Once fully baked, the recipe produces a massively raised likelihood (but no guarantee) of startup success, plus massively raised likelihood of credible foundational capability (ability to found or accelerate future successful startups at will): so what is wrong with this picture?

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